15 biggest salary cap hits for the Ravens in 2024 after first wave of NFL free agency

With the second wave of free agency heating up and updated signings, we’re releasing the Ravens 15 biggest salary cap hits according to Over The Cap. 

Change is always good for the soul, and after a stunning loss to the Kansas City Chiefs in the AFC title game, Baltimore has undergone a dramatic reconstruction that could pay off with championship dividends.

Changes hit the defensive coaching staff as Mike Macdonald accepted the Seahawks head coaching job, Anthony Weaver became the defensive coordinator in Miami, and Zach Orr was promoted from inside linebackers coach to defensive coordinator.

Baltimore signed Justin Madubuike, one of the league’s best defensive linemen, to an extension. After inking Madubuike to a deal, Baltimore landed Derrick Henry for two years and $16 million.

However, the Ravens suffered significant free-agent losses. Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere. Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.

With the second wave of free agency heating up and updated signings of cornerback Ka’Dar Hollman, linebacker Chris Board, and offensive guard Josh Jones, we’re releasing the 15 most significant salary cap hits according to Over The Cap.

Where do the Ravens rank in spending at each position after first wave of free agency?

We’re looking at where the Baltimore Ravens rank in positional spending after the first wave of NFL free agency

The 2024 salary cap is set at $255.4 million.

The Ravens will look drastically different on both sides of the football field after undergoing massive changes in player personnel and the coaching staff.

Eric DeCosta started the off-season with urgency, signing Justin Madubuike, one of the league’s best defensive linemen, to an extension. After inking Madubuike to a deal, Baltimore landed Derrick Henry for two years and $16 million.

The talented running back could earn $20 million throughout the deal.

However, the Ravens suffered significant free-agent losses. Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere. Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.

The Ravens have $13,884,766 in available cap space, and they’re paying out over $113 million on the offensive side of the football.

With the second wave of free agency set to begin, we’re examining Baltimore’s positional spending ranking.

All figures are via OverTheCap.com and official NFLPA records.

Updated status of every Ravens free agent after first wave of free agency

We’re taking an updated look at where the Baltimore Ravens 26 free agents have landed after the first wave of NFL free agency

The offseason is in full swing, particularly for the Baltimore Ravens, who have made one gigantic move, agreeing to a two-year deal with running back Derrick Henry.

The Ravens will utilize draft picks and the second wave of free agency to retool after losing eight players in the first week.

Baltimore has had good moments so far, and we’re taking an updated look at the status of every initial 2024 free agent through the first wave of signings.

Ravens 2024 offseason tracker: Following all of Baltimore’s signings, departures and more

We’re tracking all of Baltimore Ravens offseason moves here — from signings and departures to restructures and any potential trades.

The offseason is in full swing, particularly for the Baltimore Ravens, who have made one gigantic move, agreeing to a two-year deal with running back Derrick Henry.

The Ravens will utilize draft picks and the second wave of free agency to retool after losing eight players in the first week.

Baltimore has had good moments so far, and we’re tracking all of their offseason moves here—from signings and departures to restructures and potential trades.

Ravens projected depth chart following the first wave of NFL free agency

We’re looking at an updated depth chart prediction for the Baltimore Ravens following the first wave of NFL Free Agency

The Ravens are still in the crux of a potential Super Bowl window.

Still, they’ll look drastically different on both sides of the football after undergoing massive changes to player personnel and the coaching staff.

Eric DeCosta started the off-season with urgency, signing Justin Madubuike, one of the league’s best defensive linemen, to an extension.

After inking Madubuike to a deal, Baltimore seemed to win the first wave of the free agency period after getting Derrick Henry for two years and $16 million. The talented running back could earn $20 million over the course of the deal.

All wasn’t perfect, as the Ravens suffered significant free-agent losses. Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere.

Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.

With the second wave of free agency set to begin, we’re looking at an updated depth chart.

10 pending free agents the Ravens should not re-sign

We’re looking at ten pending 2024 NFL free agents that the Baltimore Ravens should not re-sign

Baltimore faces an offseason of change after Mike Macdonald bolted for the Seahawks job. Anthony Weaver landed the Dolphins’ defensive coordinator job, and 26 players, headlined by Patrick Queen, are set to be free agents.

Justin Madubuike landed the franchise tag, leaving Baltimore -$9 million over the salary cap ahead of the early tampering period.

With an urgent offseason underway, we’re looking at ten pending free agents who shouldn’t return.

Ravens salary cap: Positional breakdowns and financial outlook ahead of NFL free agency

Here’s an early look at the Baltimore Ravens’ salary cap, positional breakdowns, and financial outlook ahead of 2024 NFL free agency

The Ravens voided four contracts on Monday, accruing $8.3 million in a dead salary cap hit.

Baltimore will enter the 2024 NFL free agency with urgent decisions to make on Justin Madubuike, Patrick Queen, and 20+ other unrestricted free agents.

The Ravens have about $5 million in salary cap space and the No. 30 overall pick in April’s NFL draft courtesy.

With the new league year quickly approaching, we’re looking at Baltimore’s salary cap, with a positional breakdown and financial outlook before free agency.

Ravens 9 biggest needs ahead of 2024 NFL free agency

We’re looking at the Baltimore Ravens nine biggest needs for the 2024 NFL offseason

The Ravens have concluded their 2023 season, and the focus now shifts to what’s shaping up to be a franchise-altering offseason for general manager Eric DeCosta.

Baltimore is 20th in the NFL in cap space, with $7.3 million available, and there will be critical decisions regarding several vital contributors and two All-Pros. And they’re spending about $120+ million plus on the offensive side of the football.

PFF recently did an early ranking of the top 50 free agents for 2024, and John Harbaugh’s squad had four players make the list.

With the new league set to begin, we’re looking at the Ravens nine biggest needs entering the 2024 NFL offseason.

6 toughest decisions for Ravens GM Eric DeCosta this offseason

We’re looking at the six toughest offseason decisions for Baltimore Ravens GM Eric DeCosta ahead of the 2024 NFL free agency period

The Ravens have concluded their 2023 season, and the focus now shifts to what’s shaping up to be a franchise-altering offseason for general manager Eric DeCosta.

Where things currently stand, the Ravens are expected to have roughly $7,328,828 in cap space via OverTheCap, the 20th most in the NFL.

That number could grow if the team opts to part ways with some expensive contracts (perhaps Ronnie Stanley and Marlon Humphrey.

The Ravens have 48 players currently under contract for the 2024 season; we’re looking at the six most challenging decisions facing GM Eric DeCosta.

How can the Ravens maximize their cap space during 2024 NFL offseason?

We’re looking at the four ways the Baltimore Ravens can best maximize their cap space during the 2024 NFL offseason

The Baltimore Ravens have concluded their 2023 season, and the focus now shifts to what’s shaping up to be a franchise-altering offseason for general manager Eric DeCosta.

Where things currently stand, the Ravens are expected to have roughly $7,328,828 in cap space via OverTheCap, the 20th most in the NFL.

That number could grow if the team opts to part ways with some expensive contracts (perhaps Ronnie Stanley and Marlon Humphrey.

The Ravens have 48 players currently under contract for the 2024 season; we’re looking at four ways Baltimore can best maximize their space per the Over The Cap transaction table.